A report released today by a major Canadian bank says growth in the 25-34 age group and increases in immigration levels will likely push housing prices up over the next decade. The analysis, by CIBC World Market’s deputy chief economist Benjamin Tal, points to the propensity of Canadian immigrants to buy a home to support its conclusion. Statistics show that […]
Read morePrime Minister Stephen Harper says “tremendous economic opportunity” lies in tapping Canada’s northern resources, describing it as a key to the country’s prosperity. The comments came in a press conference in the Yukon, which he visited as part of his seventh annual Northern Tour. The tour, which runs from August 20-24, is part of a long-term drive by the federal […]
Read moreThe Economist’s annual liveability ranking was published on Tuesday and it placed three Canadian cities, Vancouver, Toronto and Calgary, in the top 10. Vancouver placed third for the second year in a row, failing once again to regain the first place position that it had held in the rankings for nine consecutive years until 2010. Ahead of Vancouver is Melbourne, […]
Read moreFederal Minister of Natural Resources Joe Oliver said that building more pipelines to Canada’s coasts and border is vital to the country’s economic well-being. The Minister spoke to the Great Saskatoon Chamber of Commerce on Thursday, where he said that the success of Canada’s energy sector depends on the construction of more pipelines. “Our government believes it is critical that […]
Read moreA study on intergenerational changes in self-employment rates among immigrant parents and their children finds that the Canadian-born sons of immigrant parents are less likely to be self-employed than their fathers, and are likely to choose self-employment for different reasons, while the Canadian-born daughters of immigrant parents are more likely to be self-employed than their mothers. According to the Statistics […]
Read moreImmigration Canada released statistics on health care spending for refugee claimants yesterday to bolster its case that the recent scaling back of free health care for those awaiting refugee decisions was necessary. The statistics show that refugee claimants from Mexico, Hungary, Colombia, the United States and Jamaica, all countries that do not have a record of human rights abuse and […]
Read moreA report published last month as part of Statistics Canada’s Economic Insights series finds that average real wage rates increased by only 14 percent in Canada from 1981 to 2011. According to the report, real hourly wages, meaning hourly wages after adjusting for inflation, increased from approximately $20.70 in 1981, to $23.70 in 2011, a $3 wage gain in 30 years. Median […]
Read moreA report that first surfaced on Canada Day stating that Canada now has higher average household net worth than the US set the news media on both sides of the border buzzing. Advocates of robust government intervention in the economy pointed to this development as vindication of their faith in their economic ideology, while Republicans blamed the news on Obama’s […]
Read moreThe growing income gap between recent immigrants and longer-established Canadians received special news coverage today with a report in the Financial Post by the deputy chief economist of CIBC, Benjamin Tal. The article describes the deteriorating position of newly arrived immigrants relative to native-born Canadians by comparing what it was in the 1970s to what it is today: A male immigrant […]
Read moreStudy findings suggesting that immigration reduces crime have been picked up today by the online version of MacLean’s magazine, one of Canada’s largest weekly news magazines, in an article, Does immigration reduce crime? One study referenced, conducted by researchers Ronit Dinovitzer and Ron Levi at the University of Toronto, compared the rate of youth delinquency in a group of 900 […]
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